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प्रश्न
Kinetic Ltd. issued 9% Debentures of ₹ 100 each at a premium of 20% to Vendors for purchase of plant costing ₹ 6,00,000. Pass the necessary Journal entry for the payment made to vendors.
रोजकीर्द नोंद
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उत्तर
| Journal Entries In the Books of Kinetic Ltd. |
||||
|---|---|---|---|---|
| Date | Particulars | L.F. | Dr. (₹) | Cr. (₹) |
| Vendors A/c ...Dr. | 6,00,000 | |||
| To 9% Debentures A/c | 5,00,000 | |||
| To Securities Premium A/c | 1,00,000 | |||
| (5,000, 9% Debentures of ₹ 100 each issued at 20% premium to vendors in payment for plant) | ||||
Working note:
Issue price of each debenture:
₹ 100 + 20% = ₹ 120
Number of debentures issued:
`(6,00,000)/120 = 5,000` Debentures
Face value:
5,000 × ₹ 100 = ₹ 5,00,000
Securities Premium:
5,000 × ₹ 20 = ₹ 1,00,000
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